Fort Myers Beach Art Association Inc
- Assets
- $1.1m
- Revenue
- $107.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Myers Beach, FL
- Founding
- 03/1961
- Data as of
- 12/2022
- EIN
- 59-1004609
Organization Overview
Fort Myers Beach Art Association Inc is located in Fort Myers Beach, FL. The organization was established in 1961. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Myers Beach Art Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Fort Myers Beach Art Association Inc generated $107.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $78.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER AND PROVIDE EDUCATION IN THE CULTURAL ASPECTS OF LIFE IN THE FORT MYERS BEACH AND ITS ENVIRONS; TO PROMOTE THE STUDY, PRACTICE AND APPRECIATION OF ART; TO HOLD ART EXHIBITIONS AND PROGRAMS, WHICH SHALL BE OPEN TO THE PUBLIC; TO ENCOURAGE ART INSTRUCTION OF CHILDREN AND JUNIOR ARTISTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FMBAA'S GALLERY IS A MAJOR PROGRAM OF THE ORGANIZATION. THE GALLERY IS OPEN TO THE PUBLIC 6 DAYS PER WEEK DURING THE WINTER SEASON AND 2 DAYS A WEEK FROM MID-APRIL - MID-OCTOBER. THE GALLERY RECEIVED APPROXIMATELY 874 VISITORS DURING 2022. IN ADDITION, THE GALLERY SERVES AS A VENUE TO DISPLAY THE ART OF LOCAL ARTISTS TO THE PUBLIC. IT IS USED AS THE LOCATION OF 3 MAJOR JURIED ART SHOWS AND 4 MEMBER SHOWS DURING THE YEAR. EACH SHOW AVERAGED ABOUT 40 ARTISTS IN MULTIPLE MEDIA. THE GALLERY ALSO SERVES AS A WORKING ART STUDIO. IT IS OPEN FOR ARTISTS' USE 6 DAYS PER WEEK. FINALLY THE GALLERY IS USED TO PROVIDE ART WORKSHOPS THAT ARE OPEN TO THE PUBLIC. UNFORTUNATELY IN 2022 THE BUILDING WAS COMPLETELY DESTROYED BY HURRICANE IAN. FMBAA HAS CONTINUED TO OPERATE THROUGH THE USE OF RENTED SPACE AND THE USE OF OTHER ART GALLERIES. FMBAA IS WORKING TO REBUILD THE GALLERY.
ORIGINAL ART IS CONTINUOUSLY DISPLAYED AND SOLD IN THE GALLERY. 425 PAINTINGS WERE SOLD, INCLUDING 322 "MINI-MASTERS" WHICH ARE SMALL ORIGINAL WORKS OF ART SOLD AT AFFORDABLE PRICES. OUR SALES WERE AUGMENTED AS A RESULT OF ARTIST CLASSES AND INSTRUCTION HELD AT THE GALLERY OPEN TO THE PUBLIC. THE SALE OF ARTIST'S WORK BENEFITS LOCAL ARTISTS AND ENCOURAGES THEIR CONTINUED EFFORTS. PART OF EACH SALE HELPS FORT MYERS BEACH ART ASSOCIATION RAISE FUNDS TO FURTHER ITS CHARITABLE PURPOSE.
STUDENT SCHOLARSHIPS: A STUDENT SCHOLARSHIP SHOW ALLOWING HIGH SCHOOL ART STUDENTS THE OPPORTUNITY TO DISPLAY, BE JUDGED AND RECEIVE SCHOLARSHIP AWARDS FOR THEIR EFFORTS FOUR COLLEGE SCHOLARSHIPS WERE AWARDED TO HIGH SCHOOL STUDENTS. THE PURPOSE OF THE SCHOLARSHIPS WAS TO ENHANCE STUDENTS' ARTISTIC SKILLS THROUGH COMPETITION IN A JUDGED ART SHOW. THE AWARDS RANGED FROM $800 TO $1200.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Starlin Sherwood President | OfficerTrustee | 30 | $0 |
Irvin Hawkes Recording Secretary | OfficerTrustee | 4 | $0 |
Sue Simoneau VP | OfficerTrustee | 12 | $0 |
George Buelow Treasurer | OfficerTrustee | 15 | $0 |
Helen Kinkin Director | Trustee | 10 | $0 |
Sue Pink Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,661 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,042 |
| Total Program Service Revenue | $44,988 |
| Investment income | $11,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $107,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,524 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,837 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,951 |
| Office expenses | $1,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,148 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,430 |
| All other expenses | $5,051 |
| Total functional expenses | $78,462 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,007 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $232,380 |
| Investments—publicly traded securities | $796,493 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,140,880 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,124 |
| Total liabilities | $20,124 |
| Net assets without donor restrictions | $1,063,836 |
| Net assets with donor restrictions | $56,920 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,140,880 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fort Myers Beach Art Association Inc has recieved totaling $29.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Professional Photographers Of America Inc Atlanta, GA | $48,960,545 | $12,325,076 |
Georgia Association Of Manufacturers Inc Atlanta, GA | $2,700,140 | $2,292,406 |
Two Red Roses Foundation Inc St Petersburg, FL | $81,826,203 | $5,214,247 |
The Armory Art Center Inc West Palm Beach, FL | $4,340,445 | $2,084,067 |
Forward Arts Foundation Inc Atlanta, GA | $5,240,641 | $1,648,904 |
Lighthouse Artcenter Inc Tequesta, FL | $3,825,019 | $2,482,262 |
Robert Craft Igor Stravinsky Foundation boca raton, FL | $11,119,320 | $752,022 |
The Studios Of Key West Inc Key West, FL | $13,984,404 | $3,906,460 |
Palm Beach Photographic Centre Inc West Palm Beach, FL | $1,110,051 | $866,676 |
Bakehouse Art Complex Inc Miami, FL | $1,346,627 | $1,198,887 |
Ann Norton Sculpture Gardens Inc West Palm Beach, FL | $4,892,273 | $1,857,308 |
National Press Photographers Association Inc Athens, GA | $607,292 | $735,008 |